Carlsberg inches closer to increasing stake in Vietnam’s Habeco

A logo of Carlsberg beer is seen on the entrance of a pub in Brussels, Belgium March 10, 2016. REUTERS/Yves Herman

Danish brewer Carlsberg has edged closer to reaching an agreement with the Vietnamese government to increase its stake in Habeco, one of Vietnam’s biggest brewers, which it hopes will speed up the process.

Vietnam has one of the world’s most attractive beer markets and the biggest in Southeast Asia, buoyed by a young population that consumed nearly 4 billion litres last year. The government wants to fully divest its majority stake in Habeco and also in rival Sabeco.

Carlsberg, which already owns 17.3 percent of shares in Habeco, has been discussing its priority purchase rights with the Vietnamese government for years.

Carlsberg, the Vietnamese government and Habeco have reached a common understanding on a number of issues during the negotiations, and we expect this will accelerate the process,” a Carlsberg spokesman said.

Most recently, Carlsberg has acknowledged its long-term obligations in Vietnam with regards to Habeco and the oldest beer brand in Hanoi, he said without elaborating.

The government said last month it expects a stake sale in Habeco to be completed in the first quarter of 2018.

The government is pushing ahead with a privatisation process against the backdrop of a rally in Vietnam’s broader equity market.

Also read:

Carlsberg ‘hunting’ to close takeover of Vietnam’s Habeco: CEO

Reuters

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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

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  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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